This topic contains a solution. Click here to go to the answer

Author Question: Suppose the demand for a good is currently unit elastic over the relevant range. Then the producer ... (Read 43 times)

Mr3Hunna

  • Hero Member
  • *****
  • Posts: 536
Suppose the demand for a good is currently unit elastic over the relevant range. Then the producer of a substitute good goes out of business and stops producing it. As a result, demand over that range is now likely to be
 a. Unit elastic.
 b. Relatively elastic.
 c. Relatively inelastic.
  d. Perfectly inelastic.

Question 2

If the Fed raises the discount rate, it:
 a. forces commercial banks to call in existing loans.
  b. changes excess reserves into required reserves.
  c. changes required reserves into excess reserves.
  d. none of the above



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kardosa007

  • Sr. Member
  • ****
  • Posts: 300
Answer to Question 1

c

Answer to Question 2

d




Mr3Hunna

  • Member
  • Posts: 536
Reply 2 on: Jun 30, 2018
Gracias!


kthug

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

For a complete list of videos, visit our video library